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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

You are viewing the version of the document as on 2011-04-29.

Status: In this content, we have included all amendments made by EU exit-related instruments up to end September 2020. There will be more amendments to be made later this year, further to the September QCP.

employee

      1. (1) (for all purposes except those in (2)) an individual:
        1. (a) who is employed or appointed by a person in connection with that person's business, whether under a contract of service or for services or otherwise; or
        1. (b) whose services, under an arrangement between that person and a third party, are placed at the disposal and under the control of that person;
        but excluding an appointed representative or a tied agent46 of that person.
      1. (2) (for the purposes of:
        1. (a)46 COBS 11.7 46 (Personal account dealing);
        1. (aa) GEN 4 (Statutory status disclosure);
        1. (ab) GEN 6.1 (Payment of financial penalties);67
        1. (b) SUP 12 (Appointed representatives); and
        1. (c) TC)
        an individual:410
          1. (i) within (1); or
          1. (ii) who is:
            1. (A) an appointed representative or, where applicable, a tied agent46 of the person referred to in (1); or
            1. (B) employed or appointed by an appointed representative or, where applicable, a tied agent46 of that person, whether under a contract of service or for services or otherwise, in connection with the business of the appointed representative or tied agent46 for which that person has accepted responsibility.